EagleClaw Capital Managment LLC Sells 2,275 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

EagleClaw Capital Managment LLC decreased its position in PotlatchDeltic Co. (NASDAQ:PCH) by 3.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 61,925 shares of the real estate investment trust’s stock after selling 2,275 shares during the period. EagleClaw Capital Managment LLC’s holdings in PotlatchDeltic were worth $2,790,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of PCH. Bessemer Group Inc. grew its holdings in PotlatchDeltic by 370.7% during the first quarter. Bessemer Group Inc. now owns 706 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 556 shares during the period. Independence Bank of Kentucky bought a new position in shares of PotlatchDeltic during the 2nd quarter worth approximately $51,000. Beach Investment Counsel Inc. PA acquired a new position in shares of PotlatchDeltic during the 2nd quarter worth approximately $59,000. Quarry LP bought a new stake in PotlatchDeltic in the 2nd quarter valued at $82,000. Finally, Quest Partners LLC acquired a new stake in PotlatchDeltic during the 2nd quarter valued at $85,000. 86.06% of the stock is owned by institutional investors and hedge funds.

PotlatchDeltic Stock Down 0.8 %

NASDAQ:PCH traded down $0.34 during trading hours on Wednesday, reaching $41.32. The company had a trading volume of 8,994 shares, compared to its average volume of 431,020. The business’s 50-day simple moving average is $43.35 and its two-hundred day simple moving average is $42.29. PotlatchDeltic Co. has a twelve month low of $37.06 and a twelve month high of $50.04. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 198.38 and a beta of 1.14. The company has a quick ratio of 0.93, a current ratio of 1.24 and a debt-to-equity ratio of 0.42.

PotlatchDeltic (NASDAQ:PCH) last issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.08. The business had revenue of $255.10 million during the quarter, compared to analyst estimates of $241.35 million. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. The firm’s revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 EPS. On average, equities analysts expect that PotlatchDeltic Co. will post 0.15 earnings per share for the current year.

PotlatchDeltic Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.80 annualized dividend and a dividend yield of 4.36%. PotlatchDeltic’s dividend payout ratio is currently 857.14%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PCH shares. StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Bank of America raised PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 price target for the company in a report on Thursday, September 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $50.00 target price on shares of PotlatchDeltic in a research report on Wednesday, October 30th. Finally, Truist Financial boosted their target price on PotlatchDeltic from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $48.67.

About PotlatchDeltic

PotlatchDeltic Corporation (Nasdaq: PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 2.2 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi and South Carolina. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business and a rural timberland sales program.